Why is Praj Industries falling/rising?

As of 11-Sep, Praj Industries Ltd is experiencing a decline in its stock price, currently at Rs 390.65, reflecting a decrease of Rs 2.75 or 0.7%. The stock is trading close to its 52-week low, just 0.65% away from Rs 388.1, and is underperforming against its moving averages across various time frames. Over the past week, the stock has dropped by 2.82%, and it has seen a significant decline of 12.38% over the past month. Despite a rise in delivery volume by 2.03% against the 5-day average, the company has reported negative financial results for the last three consecutive quarters, with a notable fall in net sales and profits. This has contributed to a year-to-date return of -52.44%, indicating a challenging financial environment for the company.
In the broader market context, while Praj Industries has underperformed significantly compared to the Sensex, which has gained 1.03% over the past week, the stock's long-term performance also shows a stark contrast, with a 45.51% decline over the past year against the Sensex's minimal gain of 0.03%. The company's fundamentals indicate strong long-term growth potential, with a low debt-to-equity ratio and high return on capital employed; however, the recent negative financial results have overshadowed these strengths. High institutional holdings at 34.3% suggest that informed investors are closely monitoring the company's performance, but the persistent negative trends in sales and profitability are likely driving the stock's current downward trajectory.